The SEC has announced that it is giving the green light to funds that utilize derivatives to take a leveraged or inverse position on single securities.
NIFE seeks investment results that track the Indxx US Fallen Knives Index. The fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the index.
The index is designed by Indxx, LLC to consist of U.S. equity securities that have experienced considerable share price declines over the prior year and have financial health, suggesting that the security has potential for share price recovery in the future. Thus far in 2021, NIFE is up about 15%.
NIFE can also offer exposure to a value comeback. While many investors have fled the growth-fueled equities that have powered the bull run, NIFE looks at companies that may have fallen as of late, but still have the financial wherewithal for future gains.
February 11, 2021
The U.S. dollar, Treasury yields, and gold prices are all working together to create their own symphony. ETF traders have the ability to bring this music to their ears with four leveraged Direxion Investments products.
For moves in gold prices, traders can use the:
Direxion Daily Gold Miners Bull 2X ETF (NUGT): seeks daily investment results, before fees and expenses, of 200% of the daily performance of the NYSE Arca Gold Miners Index. The index is comprised of publicly traded companies that operate globally in both developed and emerging markets and are involved primarily in the mining for gold and silver.